Four Laws Helping You Clean Your Credit Rating

Fortunately for you, decades ago Congress recognized that the credit reporting system needed legislation. The practices of the credit reporting agencies and the agencies using the reports they provided were shocking. American consumers were being abused by a system they had no way of influencing and no way of keeping in check.

To combat these abuses, Congress enacted the Fair Credit Reporting Act which with its subsequent revisions has become the cornerstone of your consumer credit rights. It is because of the Fair Credit Reporting Act that you have the right to see what information is recorded on your credit reports and to work to correct any questionable negative items they contain.

In addition to the Fair Credit Reporting Act, there are a few other consumer protection acts that give consumers certain rights when you are working with the creditors and collections agencies who report to the credit reporting agencies. By making use of their rights under each of these statutes, consumers have been able to successfully repair bad credit.

Fair Credit Reporting Act
The Fair Credit Reporting Act is what got credit repair started. Because of this act, you have the right to see your credit reports and to dispute inaccurate credit listings directly with the credit bureaus.

Fair Debt Collection Practices Act
Along with protecting your against abusive behavior from collectors such as contacting you at unusual hours, screaming at you, using vulgar language, lying about their identity, or using violence while trying to collect a debt, the Fair Debt Collections Practices Act (FDCPA) gives you powerful debt validation tools that give you the right to challenge any debt.

Fair Credit Billing Act
Similar to how the Fair Debt Collection Practices Act governs collections agencies, the Fair Credit Billing Act affords you the right to dispute questionable negative credit directly with your original creditors in an effort to get them to change how they are reporting your accounts to the credit reporting agencies.

Credit Repair Organizations Act
With all the legislation surrounding credit correction, it can be overwhelming for a newcomer working to fix their credit score. Fortunately, there are licensed credit correction companies who help consumers work towards a fair and accurate credit score. These credit repair organizations are regulated by the Credit Repair Organizations Act which helps prevent consumers from becoming a victim of a credit repair scam.

Credit Repair Thoughts: http://www.creditrepairthoughts.org

You have certain rights regarding your credit including the right to legally repair your credit by disputing the questionable negative items in your credit reports. You can work to repair your credit on your own or with the help of a reputable credit repair law firm.

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